ZIP Code 38124 — undefined, undefined Demographics & Data

ZIP code 38124 covers ZIP 38124 with a population of about 4,173.

At a glance, the area shows median age of 48.9 versus a U.S. median of about 38.9.

It sits in the MEMPHIS media market.

ZIP 38124 ranks among higher-income / higher-home-value communities on US5 (very high median household income (~$162,955)). Searchers often dig into housing affordability stretch, private schools, and neighborhood comparisons rather than entry-level rentals.

Median household income in ZIP 38124 is about $162,955 — about 117% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 6.6%; unemployment rate near 2.1%; 80.3% of adults with a bachelor’s degree or higher (about 46.6 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Education, and Professional services; about 10.8% of workers reporting work-from-home (about 4.4 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $611,200 — about 76% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,086 (about 7% below the U.S. median rent ($1,163)), and owner-occupancy near 81.6% (about 16.2 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 38124, a household would need roughly $168,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,926. That is roughly in line with the local median household income ($162,955). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.